The Czech Republic has presidency of the EU for the next six months. Its priorities for economic and financial affairs focus on dealing with recovery of the financial markets and better regulation and preparing the EU for international debates on the global financial market infrastructure. It will continue work on CRD revisions, Solvency II, the proposed Regulation on credit rating agencies and revision of the e-money Directive. It also wants to view the Regulation on cross-border euro payments and ensure the EU meets its road map targets.